Bitcoin slips below $76,500 as U.S. strikes on Iran lift oil above $93

Bitcoin traded around $76,500 after falling more than 1% since midnight UTC. Bitcoin fell 3% over the past seven days. U.S. strikes on Iranian targets weighed on risk assets. Brent crude rose above $93 a barrel. West Texas Intermediate approached $90. The 10-year Treasury yield climbed toward 4.8% on the inflation implications of higher energy costs. Nasdaq 100 futures fell 0.31%. S&P 500 futures dropped 0.11%. The Dollar Index rose 0.13% since midnight. Coinglass data showed shorts accounted for 51.5% of 24-hour long-short taker volume. Trading volume rose 19% to $203 billion over 24 hours. Open interest remained near $136 billion for a second day. Bitcoin futures open interest stayed near 700,000 BTC over 24 hours. Bitcoin positioning remained below this year's peak of 801,000 BTC. Ether open interest rose to 13.72 million tokens as its price declined. Ether open interest reached its highest level since Aug. 18. The figure remained below May's record of 15.68 million tokens. Bitcoin and ether had negative 24-hour cumulative volume deltas. The negative readings indicated that shorts were executing at market prices rather than through passive limit orders. The pattern covered all major tokens except Uniswap's UNI. UNI rose another 4% in 24 hours. UNI reached a seven-month high of $6.37. UNI futures open interest reached a record 89.44 million tokens. UNI annualized funding rates remained below 10%. The funding rates indicated bullish long bets without the overcrowding that often precedes a long squeeze and price decline. TRX funding rates stayed near minus 85% for a second straight day. BTC and ETH 30-day implied volatility indexes erased their mid-August gains. The move pointed to expectations of calmer markets. On Deribit, the $70,000 BTC put expiring Sept. 25 was the highest-volume contract over 24 hours. Four other contracts in the top five were calls. Ether's most-traded contract was the $2,200 put expiring Sept. 11. Most of the other four contracts in ether's top five were puts. Traders use puts to hedge against or profit from a potential decline in the underlying asset.